HKAN | June 14

Hong Kong’s Financial Secretary, Paul Chan, announced that the city will unveil its second policy statement on the development of digital assets later this month (June 2025). Speaking at the 2025 Caixin Summer Summit, Chan emphasized the importance of leveraging blockchain and Web3 technologies to strengthen the city’s position as a global financial hub .

What the New Policy Will Cover

Integration of financial services and innovation: The statement will explore how digital assets can transform traditional finance, including tokenization, digital settlements, and FinTech-based solutions .

Expansion of real-world application scenarios: Key focus areas include enabling digital assets in supply chains, digital identity systems, healthcare data, gaming, and cross-border services .

Previous Progress and Context

In October 2022, Hong Kong published its first virtual assets policy statement, setting foundational regulations for crypto exchanges, ETFs, and investor protections . Since then, the city has launched licensing regimes for digital asset trading platforms and stablecoins and is advancing custody and OTC service regulations. The Securities and Futures Commission is also reviewing derivatives products like BTC and ETH perpetuals for professional investors .

Stablecoin Regulation Coming Soon

Alongside the upcoming policy statement, Hong Kong’s Stablecoin Bill was passed in May and will come into effect on August 1, 2025, paving the way for regulated issuance and institutional adoption .

Why It Matters

Boosts investor confidence: Clear, innovative policies can attract institutional players and startups.

Positions Hong Kong as a tech-forward financial centre: By embracing digital asset frameworks and real‑world use cases, Hong Kong aims to stand out amid global competition.

Supports economic growth: Integration of Web3 into everyday sectors may generate jobs, drive innovation, and strengthen financial services infrastructure.

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Final Take:

Hong Kong’s upcoming second digital assets policy statement, set for June 2025, marks a decisive shift towards integrating digital assets with traditional finance and real-world applications. With stablecoin regulation arriving in August, the city is accelerating its transformation into a comprehensive digital asset powerhouse.